Can you imagine a Tesla bull say "evil big money they knew" when all this information was available to the public? I would not be surprised actually. I don't get how clowns like this get involved. Nyways this is the story:
Elon & Kimbal start in 1995 with a dot com company named Zip2, with money raised from a small group of angel investors.
They took advantage of the dot com bubble hype to rapidly become millionaires.
In March 1999, at the peak of the dot com bubble when irrational exuberance was off the charts Elon made 165 million $ from selling X.com one of the first online banks. It merged with another company that had a product named paypal. We do not know how much of X.com is into paypal. Elon gets kicked as a CEO because he has too many bad ideas and paypal goes on to become successful without him.
In 2001 Elon Musk starts SpaceX, another hype ponzi - er I mean company, that attracts alot of interest from the public.
All along the way Elon works on his personality cult.
In 2003 Tesla comes to existence. It is supposed to change the world, starts with luxury cars, then switches to cheaper ones. Lots and lots of hype around it. The company has not had a profitable year since its creation, interestingly its r&d green budget is one of the lowest of all car companies.
2006: SolarCity, to have "clean energy" and "save the planet" hype hype. One of the world's biggest polluters. Who knows, we might all die from all the heavy metal they dumped in nature. Great. Disgusting.
Apart from that he started all kinds of hype projects. Dozens of them. He just likes throwing hype ideas around. That's literally all he did his whole life and became a billionaire for it. Throw around dozens of ideas start a business and then that's it. Nothing never gets done nothing ever becomes successful (unless his company merges with another one and he gets kicked as CEO). I am sure every one has had the pleasure to meet people like this in their lives "oh ye i'll do this and this and that" taking plenty of responsabilities, too much to be able to respect them, and of course nothing gets done.
Tesla is just another name for "Elon Musk reality show". It's all hype, and unsurprisingly it attracted all kinds of idiots. I wonder how many "Bitcoin true believers" are also "Tesla true believers", I am curious to know if it is 99.7% or 99.8%.
The facts were available to every one. Company is trash. Complete scam. The big whales have dumped on all these "true believers" fools, and once again, like every single time, the public is now rekt. Every one knows how this work, yet, somehow "Nooo I won't sell 'they' want to buy my stock cheap". I don't even get it. Last 500 billion times it happened the same way. W/e.
EVERY TIME.
If someone wants to invest in EV, there are plenty others. And hybrids are really good, better. Guess what works? Taking it slow, one step at a time, and making sure everything works smoothly. Saying you want to go from 0 to 100 gets the public excited. Saying you want to build a colony on Mars gets the public excited. But the public is made of idiots, and changes have to be progressive. Hybrids are really good, the perfect compromise, and the first step. Some EV are great but really expensive as of now.
Once again, Elon bite off more than he could chew.
He can't help himself, he just loves to start futuristic stuff that is bound to failure: Gigafactory Hyperloop Hyperloop Neuralink. And he spends his time seducing people, and when someone doesn't fall for it he gets angry. Typical. So funny. pretty sad too.
This is how it usually looks like And zooming in on the bear part
Remember when Bitcoin broke the downtrend & had a golden cross and the bear market was over?
I'll end with just 1 word: Theranos.
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All the people famous for shorting and being right, even one of the guys the big short movie was made about (or maybe more) is short Tesla.
Here are numbers from 2017 & 2018:
Market cap 2018 GM 54.5 billion Tesla 52 billion Nissan 35 billion Ford 33.5 billion
R&D spending 2017 GM 8.1 billion Ford 7.3 billion Nissan 4.5 billion (500b yen) Tesla 1.4 billion
Revenus 2018 Ford 160 billion (slight increase) GM 147 Billion (slight increase) Nissan 100 Billion (slight increase) Tesla 21 Billion (+82% from 2017 & 2017 was + 68% & 2016 was + 73%)
Profit in 2018 GM 8 billion Nissan 5 billion Ford 3.6 billion Tesla -1 billion
Profit in 2017 Ford 7.7 billion Nissan 6.5 billion Tesla -2 billion GM -4 billion
Profit in 2016 GM 9.5 billion Nissan 6.5 billion Ford 4.5 billion Tesla -0.675 billion
Production output Ford 6.6 million cars (2017) GM 8.4 million cars (2018) Nissan 5.5 million cars (2016 - sold 5.7 million in 2017 according to their latest report) Tesla - lol - 0.24 million (2018)
As a comparison, according to 2017/2018 Jaguar Land Rover report: They sold (and produced about the same amount) 600,000 cars (up 1.7%) Their revenue is 26 billion £. Earnings before interest tax depreciation and amortisation 2.8 bil £ Profit after tax is still 1.1 billion £ (~1.5 billion $)
JLR is owned by Tata Motors which market cap is 10 billion. They have plenty of subsidiaries JLR is just one of many. 10 billion seems low, correct me if I'm wrong.
You know, when Tesla makes money, it's by selling emission credits to dirty car manufacturers. So whatever they "save" ends up being produced somewhere else anyway and the end result is the same. And Really helping the environment here.
Additional facts: Producing its 100 kwh battery Tesla produces 17.5 tons of CO2. Takes from 3 to 8 years of driving a full oil car to make that. Twice as much with diesel cars with good engines (Jaguar’s advanced range of clean and efficient four-cylinder Ingenium petrol and diesel engines with CO2 emissions from as low as 134g/km. )
Not going to look at Hybrids and all the numbers I am not interested in making a full in depth analysis either. Or maybe I'll check little by little to learn a bit.
Tesla prides itself in recycling its batteries, BUT they don't do it! Umicore does it! (didn't I trade this company a few months ago lol)
Elon Musk has a private jet he uses very often. In 2018 he flew it 150,000 miles or 240,000 km or 6 times around the earth or 40 Paris-New York or 60 NY-LA.
Tesla in a nutshell: Taking plenty of funding from gullible investors, generating nothing, not even helping "the environment", older investors were paid with newer investors money, and they won't be able to get their money back pretty much. What's the P word I am looking for? :D
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I looked at a few similar companies, they usually get valued at 50 million, something like that.
If Tesla valuation drops to 5 billion, still pretty high, but not twice as big as Ford which is stupid, the share price would be 29$.
If Tesla valuation dropped to 500 million, which I feel is still too much for this fraud, share price would be $2.90.
A few cents sounds just about right, but probably won't go that low because there will still be "true believers" that buy a bankrupt pos because "uuuuh this is like lottery right? what if the price goes up back to 400$? Yes it's impossible but 'what if'" (kys).
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I am just going to leave this here:
Tesla faces $139,000 environmental pollution fine from Bay Area Air Quality Management District at Fremont electric car factory | For spewing pollutants into the air.
(:
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Copy pasted the wrong news. That is from 2 months ago. My bad.
Today headlines: Tesla's Battery Supplier Forecasts Drop in Earnings, Sales
Some Tesla Performance models can no longer access full power due to "a bug", report says
Tesla faces twin assault as Mercedes, VW start taking orders for first long-range EVs
Another Elon Musk Desperate Ploy: Sell Car Insurance to Tesla Owners
Morgan Stanley says it's too easy to own a Tesla now and that's hurting the brand
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Tesla #fundamentals took a big gap down. Does not look like "very very strong very cheap" 250$ is holding. Yikes. Going to have to update my watchlist ctrl+f replace all "TSLA" "TSLAQ".
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Just buy the dip, it is going to bounce eventually.
really....
Henry Ford was nuts because he thought he could bring cars to the masses... There were no real roads yet, mostly wagon cart paths.
Most of us will be riding in electrics cars in automatic mode with in the next 15 years. This will be by law, as is it will be 100 times safer. Get the wheel away from these jerks driving that feel they are entitled to drive any way the want. They are Killing thousand of innocents a year. That is what Elon Musk wants to do.
Oh by the way Space X will launch the first astronauts to space from America in a long time this year.
You do not like Elon Musk because he does not care about your little world of stock pricing. If it does not give him money to build cool stuff that makes the world better, he's oblivious.
Buy Tesla stock and hang on, its the next trillion dollar company.
MrRenev
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@djtex11, Do not compare this scammer to Henry Ford.
Ford designed, built, and successfully raced a 26-horsepower automobile in October 1901. With this success, Murphy and other stockholders in the Detroit Automobile Company formed the Henry Ford Company on November 30, 1901, with Ford as chief engineer.
Ford & Malcomson was reincorporated as the Ford Motor Company on June 16, 1903, with $28,000 capital. Not 50 billion, not even inflation adjusted. Not even 1 billion. Not even 10 million. AND the company made a profit of $37,000 in 1903.
In 1908 the model T was released. And sold at a cheap price! The car was so good other car manufacturers copied it. It was an instant hit.
After that Ford kept improving his assembly lines, and profit kept going up.
By 1917, 16 years later, Ford was a gigantic company that was so immensly profitable it paid its employees DOUBLE what other companies were paying. Nearly half of all american cars were Ford. Ford sales (and production) reached HALF A MILLION.
Elon Musk:
2003 starts his company, with hundreds of millions.
Keeps getting billions.
1 century later, struggles to pull half the numbers in production, of Ford, Elon keeps lying about these numbers "oh ye we are going to make 500,000 trust me".
By 2019, 16 years later, Tesla still has not had a single profitable year - even thought they are selling their CO2 points for tens of millions (and preventing other companies from being forced to reduce their emissions).
In 2019 Elon Musk goes for another round of funding.
In 2019 of all the directors insiders etc, a single one is buying it is Elon. Every one that is making an operation is selling.
Wow what a success story, exactly similar.
MrMarketMaker
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Wow, someone making this long of a post must be really hurting on their short. ouch. Sorry you got burned. Shorting the bottom like a textbook retail trader. Thanks for your liquidity!
NewYork888
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Funny you posted this I was just talking with an associate about this name and that once again Jim Chanos will be proven correct. If Mr Chanos is short a stock you do not want to be long that name under any circumstances. @dRends35@UNWOUND@NoobOfTheMonth
MrRenev
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@london55555, Yes, he does not strike often, but when he does, HIDE YO KIDS
NewYork888
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@MrRenev, Exactly most retail traders here on TV won't even know who Jim Chanos or Andrew Left is but they should. These two are the best of the best on the short side.
djtex11
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Facts
Ford started building cars in 1896 after working with Edison
Ford has labeled a crack pot and many articles were written questioning his business knowledge
His management style was dictatorial
In the beginning his money came mostly from private investors. He would buy out and fire those that disagreed with him.
His original profits were transitory to attract investors to help him build the assembly line he envisioned.
The establishment tried to stop him from producing cars for the masses.
Model T cost $850 when introduced and the average income in 1908 was about $600.
Model T began to really sell 1912
Became the most produced car by 1915 when they price dropped to around $350.
Looks like it took Ford took about 20 years to get together
All comes across as vaguely similar to Tesla and the Elon Musk Story
Now we will add $2.00 watt solar..
Strongest rocket ever built..
Best batteries in the world..
Your right, he may not compare to Ford
He may be more like Edison.
Enjoy your trolling LOL
tradingzebras
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" I looked at a few similar companies, they usually get valued at 50 million, something like that. "
lol, there are no similar companies.
It's like shorting Apple just before the iPhone came out...
Come join us on the long side, friend.
KhrnoT
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Learn something new every day. You are the awesome!
Henry Ford was nuts because he thought he could bring cars to the masses... There were no real roads yet, mostly wagon cart paths.
Most of us will be riding in electrics cars in automatic mode with in the next 15 years. This will be by law, as is it will be 100 times safer. Get the wheel away from these jerks driving that feel they are entitled to drive any way the want. They are Killing thousand of innocents a year. That is what Elon Musk wants to do.
Oh by the way Space X will launch the first astronauts to space from America in a long time this year.
You do not like Elon Musk because he does not care about your little world of stock pricing. If it does not give him money to build cool stuff that makes the world better, he's oblivious.
Buy Tesla stock and hang on, its the next trillion dollar company.